JF Apex - 0.42 to 0.55 CIMB - 0.48 to 0.55 Kenanga - 0.50 to 0.53 RHB - 0.51 to 0.57 Maybank - 0.52 to 0.58 Affin Hwang - 0.55 to 0.59 PublicInvest - 0.58 to 0.64 MIDF - Maintain at 0.69 AmInvest - 0.72 to 0.76 Hong Leong - Maintain at 0.80
Across the board, TP revised upwards, banding around the mid to high 50 sen region.
Just like Chris Voss says everything is a negotiation even when crossing the streets. So everything is all about risks when you do cross the streets.
All already know Armada uses long term contracts.
As oil price goes higher, risks for Armada decreases. Hedge Funds keep track of such things like risks. When the oil field is uneconomical, principals will be looking for excuses to terminate you, example Woodside.
When oil price is higher, principals will NOT terminate you even if you make HUGE mistakes. Why? Well, there might not even be any gigs available for rent anywhere in the world. Even if there are, it will take 30 days for mobilization if gig is at the other end of the world. Which fool will want 30 days of no income? And new contracts will be priced higher. so why terminate old contractor? Businessmen are NOT fools.
so at high oil prices, principals will treat Armada like God. That extrapolates to financial security and less risks for Armada. Less risks => Higher share prices
Haha i3lurker, Previously I had profited from Philip's Pump & Dump Article - How to pump with a Conscience! 'STAR' recommendation. This time I hope to also reap a handsome profit from your pump with shark 'Armada'
Sorry not pump with sharks but pump with IB TP JF Apex - 0.42 to 0.55 CIMB - 0.48 to 0.55 Kenanga - 0.50 to 0.53 RHB - 0.51 to 0.57 Maybank - 0.52 to 0.58 Affin Hwang - 0.55 to 0.59 PublicInvest - 0.58 to 0.64 MIDF - Maintain at 0.69 AmInvest - 0.72 to 0.76 Hong Leong - Maintain at 0.80
Sorry not pump with sharks but pump with IB TP JF Apex - 0.42 to 0.55 CIMB - 0.48 to 0.55 Kenanga - 0.50 to 0.53 RHB - 0.51 to 0.57 Maybank - 0.52 to 0.58 Affin Hwang - 0.55 to 0.59 PublicInvest - 0.58 to 0.64 MIDF - Maintain at 0.69 AmInvest - 0.72 to 0.76 Hong Leong - Maintain at 0.80
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
nikicheong
2,560 posts
Posted by nikicheong > 2021-08-30 14:46 | Report Abuse
Final Update
TP Revisions post results:
JF Apex - 0.42 to 0.55
CIMB - 0.48 to 0.55
Kenanga - 0.50 to 0.53
RHB - 0.51 to 0.57
Maybank - 0.52 to 0.58
Affin Hwang - 0.55 to 0.59
PublicInvest - 0.58 to 0.64
MIDF - Maintain at 0.69
AmInvest - 0.72 to 0.76
Hong Leong - Maintain at 0.80
Across the board, TP revised upwards, banding around the mid to high 50 sen region.